It was clear a couple of years ago that the world's big container-shipping lines were sailing into a storm too big to steer around. Back in the mid-2ooos, when world trade was booming, they had ordered fleets of huge new boxships, only to take delivery of them during a downturn. This led to overcapacity, and an all-out price war in 2011, as container lines sought to fill their new ships and defend their market share.
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